I do not take the listing down until I receive the security deposit.

My strategy is to use the heloc as the down payment to purchase the land and secure financing for a construction loan.

You usually pay an upfront option fee (around 1% to 5% of the purchase price), and a portion of your monthly rent may go toward the purchase price, helping you build equity over time.Pros: Flexibility: It’s a great way for buyers who might not qualify for a mortgage yet to secure a home while improving their credit or saving for a down payment.

Your best chance at securing a multi family will mostly come through an off market deal. 

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

The income from the sale of securities is considered 'portfolio income' and is considered non-passive.Rental activity in general is considered passive unless you are able to treat it as active or if your income is below $150,000(Then you can use some losses).By default, the answer will be you can't unless your real estate is considered active or if your income is below the exception.

So sorry it took so long dad but I am now officially a real estate investor. 

There's also growing regulation risk for the investor, thanks to the hospitality lobby convincing local Karens and pearl clutching city officials that short term rentals are nothing but drunk college kids and constant crime. 

If you purchase a tax lien certificate and the property is vacant, do you have any right to rent it or only to physically secure it?

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly.